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OpenStudy (anonymous):
If the principal is $350 and the interest rate is 3 percent, what is the simple interest earned in one year? simple interest = P × r × t
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OpenStudy (mimi_x3):
P = 350 r = 0.03 t = 1 then plug it in
hartnn (hartnn):
u have P=350, r=3%=0.03, t=1 year just put the values....
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